Hot off the heels of OpenAI releasing their GenAI chatbot ChatGPT to the public in November 2022, Google released their own chatbot called Bard (now Gemini). During Bard’s first public demonstration, it generated a major factual error in response to a question about the discoveries made by the James Webb Space Telescope. This wrong answer by the chatbot led to a 9% drop in the stock price of Alphabet, Google’s parent company —  at the time, $100 billion in market value.